17. Income (Loss) Per Share

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Loss Per Share

The following is a summary of the calculations used in computing basic and diluted income (loss) per share:

	2016			2015
	($ in thousands, except share data)
Numerator:
BASIC
Net Income (Loss)	$	2,892		$	(8,459	)
Preferred Dividends		(640	)		(640	)
Income (Loss) Available to Common Shareholders	$	2,252		$	(9,099	)
DILUTED
Income (Loss) Available to Common Shareholders	$	2,252		$	(9,099	)
Dilutive effect - Preferred Dividends		640			-
Dilutive effect - Converible debenture interest		614			-
Adjusted Income (Loss) Available to
Common Shareholders	$	3,506		$	(9,099	)
Denominator:
BASIC
Weighted average amount of shares outstanding		5,317,758			5,317,758
DILUTED
Weighted average amount of shares outstanding		5,317,758			5,317,758
Dilutive effect of assumed conversion of
Preferred Stock		3,760,000			-
Dilutive effect of assumed conversion of
Debentures		872,418			-
Dilutive common shares		9,950,176			5,317,758
Income (Loss) per share
Basic	$	0.42		$	(1.71	)
Diluted	$	0.35		$	(1.71	)